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CNBC
Sep 27, 2012 3:00pm EDT
united states. gentlemen, how big of a factor is this tension between iran and israel factored into the price of oil? >> there's no question that today's run-up, marimaria, was direct reaction. we got a leak of some of the speech earlier before the market opened that, in fact, prime minister netanyahu was going to state what this red line was going to be all about. now we know. of course, it comes on the heels of ahmadinejad's speech yesterday. this got right back in the forefront of the traders and the markets' mind here. what it represents, of course, for oil is, you know, the mother of all supply risks here. the strait of hormuz comes into play. the whole region comes into play. obviously, it's almost a mild reaction given what we got here today. we're clearly on a path to something, some confully grags. i do say given that netanyahu says they won't get to that final stage until next summer, we have some time. >> david, what did you think of the red line speech? netanyahu has pressed for this before. the u.s. is reluctant to do so. red lines have been drawn in the past, and they've d
CNBC
Sep 18, 2012 3:00pm EDT
of conversation around the country today on the basis of our tax situation in the united states, right? >> i think that's a very good thing, yeah. >> very healthy conversation. some, even though they're calling these comments a disaster for the romney campaign, others are not. donald trump, for one. he's what he told the gang on "squawk box." this morning. >> these statements that were very unfortunate, i guess. i don't think he should apologize. he's probably right. he probably won't get any of those votes, but he should not be apologizing. >> so is donald trump right? should romney just stand behind though comments? joining us to break it down is director of the tax policy center and our own rick santelli. rick, you agree with trump? >> i'm not going to agree or disagree with trump. my opinion is he stated basic facts, not an elegant fashion. sometimes the facts aren't easy to swallow. the issue here isn't about that sound bite. the issue here is about the media. we have a $16 trillion debt. we have a jobs program, or many jobs programs that haven't worked. we have a federal reserve
CNBC
Sep 20, 2012 3:00pm EDT
significant discount to the united states. go in there with good security selectors. there's going to be some volatility but valuations matter a lot. >> we're at five and a half year highs in this market. are we getting a little more expensive overall. >> 13.5 times, the s&p 500 is right where you need to be right now, as long as the economy continues to move forward and continues to grow 1.5 to 2%. our view is, the economy has fallen off a cliff since the start of the second quarter and it's moving sideways right now. qe 3, the feds boldest move yet really needs to be successful, you're seeing glimmers in recovery and housing. it remains at suppressed levels. if we can continue to move forward here, can you see the impetus come into the economy. >> ben bernanke has said, the success of qe 3 will be determined by job growth in this economy. will it create jobs? >> it will create jobs in the real estate related markets. that could be a start. >> are you sticking to your estimates in terms of double-digit growth for financials in the fourth quarter? s&p 500, the estimates from the analysts
CNBC
Sep 4, 2012 3:00pm EDT
. prospers. to say manufacturing jobs in general are going to come back to the united states. most chinese products of low cost are going to go other places. they aren't coming back to the u.s. we have to recognize there's a dramatic ure ing in the world and everybody is part participating in it. >> we know the competitive situation always leans towards china because they've got much lower, you know, costs there. so companies are going to send workers to china and going to manufacture in china. what's great about china slowing down for the u.s.? >> i would agree with robert that, yes, there's a structural rebalancing going on. but this rebalancing is great because this enables for china's middle class to grow and create a service sector which can generate continued higher wages. that allows the private sectors in the developed economies to sell to china's middle class and not just depend on america's middle class. this way it gives a new engine of growth for nations around the world. and this is not priced into the markets. the markets have priced in the fact that china is slowing
CNBC
Sep 28, 2012 3:00pm EDT
think all of september the market has been moved, not by what's going on here in the united states, but what's been going on in europe, which says to me two things. one, any bad news out of europe is going to send the market down. two, eventually people are going to have to pay attention to what's going on in the united states. i'm expecting we're heading into earnings season, i'm expecting anemic growth, and eventually that's going to have to play into the situation here. i mean, i know you don't fight the fed, but eventually we have to come back to what's going on in terms of fundamentals and stop focusing on monetary policy. >> what do you think? are we going to focus on fundamentals? if you are, kurt, would you be a seller of this market? >> we are focused in on fundamentals. i think this has been a tug of war between the reflationists and some of the risk that's been perceived in the market. we're not investing in gdp. we're investing in earnings. so far, earnings has held up. so far this year the stock market has been doing well. we'll focus on earnings. in terms of am i a buyer h
CNBC
Sep 10, 2012 3:00pm EDT
business is growing. we're obviously throughout the united states. we're in many foreign countries. we're in latin america, we're in london, turkey, we're in china, we're in singapore, japan and other countries as we speak. and then our investment side, we're all over. we're invested in china, in the united states, obviously. some in latin america. anyplace we see an opportunity. >> finally, hank, no doubt you saw or heard about my interview with eliot spitzer, which at the end of the day, ended up to be a lot about you. what's your take? did you get feedback on that? >> yeah. you won. i mean, his waving around a document that happened to be nothing to do with what we're talking about, because what he was waving around, i'm told, was a termination by the federal court. but there was an appeal that overturned that. he didn't tell you about the appeal. >> right. hank, good to have you on the program. >> good to be with you. >> thank you for weighing in on the developments at aig, hank greenberg. over to you. >> we'll head toward the break here. markets still trading a little lower. hello, t
CNBC
Sep 12, 2012 3:00pm EDT
those good things. so you can start ordering them on friday. it starts deliveries in the united states the following friday on the 21st. we'll have more on this coming up all day here. let's get to brian shactman with his market flash. >> thank you very much, bill. there is news out there outside of apple. i want to take a look at dole foods, the iconic brand now a smaller cap company just under $1 billion. right around 1:00, the nikkei reported. the headline and the subheader, they reported a japanese company was acquire two dole food units for $1.7 billion. the subhead says they hope to reach an agreement this month. the price spiked. the stock is up 10%. back to you. >> thank you so much, brian. if world investors are right, get ready for another intervention to boost the economy. >> mean time, we're going to talk about whether it's needed or not. peter says any fed action is not going to help and it's wrong. others say the economy needs it right now. let's talk about it and get your perspective on this. peter, you saw the employment numbers last friday. you don't think we need more fed
CNBC
Sep 6, 2012 3:00pm EDT
spain, bulling $100 billion out of that country this week, 46 million people in the united states on food assistants? that's staggering. we have not produced a single net new job. there is a bridge that has to be gapped, and ceos want to see what plan and the path is. >> the fiscal cliff has a lot of ceos concerned, what about you? >> i think that's the number one concern. it's a 3% hit to incomes in gdp terms, and the economy only grows 2%. if that happens, and we won't know until after the election, it will wipe out job creation until next year. we're hoping and thinking it gets fixed, but we have to see the election and get into december. >> more things to worry about and think about in the meantime. >> pretty sobers. >> 37 minutes until the closing bell. the nasdaq is higher by 61. >> that is a four.5 year high for the s&p 500, is there more room to run? should you take profits? >>> new claims, president obama and john boehner had a massive blow up over the collapse of the debt deal last year. we're talking about a tirade from the president, can they possibly work together to fix
CNBC
Sep 5, 2012 3:00pm EDT
19 years to midthat old level again. the united states over the same period. it went back up, back up, back down, and now here we are, if you can zoom in on the edge here. this is the big question for the fed, what's the right level of unemployment to come back down to. is the old number something we can attain, or is the level higher. we looked at it from different angles and it looks cyclical. '08 and '09, things like construction came mack. unemployment rose too fast for it to be long-term government issues. programs like extended unemployment insurance have maybe kept the rate high. let's look at what the response was. lacker and bullard say there is a huge percentage of people unemployed for a long period of time. where is the deflation. all of this extra slack, then we should have deflation in the economy, and the former president of the central bank. an expert in monetary policy, put up this chart. when you look at core inflation, there is no deflation. he argues thath race should maybe be higher. bill, a big debate in the federal reserve. what number should we be aiming for
CNBC
Sep 13, 2012 3:00pm EDT
have strong enough tools to solve the unemployment problem here in the united states. >> yeah, i agree with you on that, bill, but i just want to make a point that i've heard a lot of politicians talk about unemployment. i've not heard any single person talk in a more impassioned way. you can agree or disagree with his prescription, but as far as i can tell, he's the only one in the political establishment doing anything about it. so i think that's an important thing. and that's one of the reasons why, you know, he feels -- he's pointing out that fed policy is not a panacea. he needs help from the fiscal side. >> how come we're not getting it, steve? is it just because washington is so broken? >> i think it's so broken, and i think no side is willing to give the other side any advantage whatsoever until the election clarifies. >> i think that's outrageous. i think that's outrageous, really. i do. >> but it's the reality we face right now. lance roberts, what strikes you about -- i mean, are you hopeful that the economy can get better as ben bernanke suggests, or are you more conc
CNBC
Sep 7, 2012 3:00pm EDT
problem here in the united states. what will solve the problem right now? so far the fed doesn't seem to be able to create so many jobs right now. >> what bernanke said last week and i agree with him and the evidence points in this direction is the main reason we have an 9.1% unemployment is because of weak demand. if you're thinking about monetary or fiscal policy, on the fiscal side, it comes from tax cutting, spending increases, or both, and we have to worry about that. on the monetary side, what monetary authorities can do is reduce interest rates and try to reduce rates across a broad set of assets through qe policies. the fiscal and monetary side are trying to stimulate demand, and demand is missing to great stronger momentum. >> they're pushing on a string, rant they? >> the fed has the capability to act right now, and i think always, you know, again chairman ber knack key admitted that this policy tool is not a particularly strong tool. >> ben bernanke said that he creating two million jobs. they did analysis and said if not for what we had done, there would be 2 million fewer
CNBC
Sep 24, 2012 3:00pm EDT
call the american industrial renaissance. we're gaining market share here in the united states and the riots in china over the weekend support our notion that in the future do you want to put manufacturing facilities overseas or in the united states? this weekend is why you want to put them in the united states. >> peter, tell me what the market right now is saying to you. it would seem to me that since bernanke came out a week or so ago with the announcement of qe3 that the market has kind of moved back a little bit. we've had a few sort of down days as though the market were saying, he gave us what we expected and now it's time to get a little smart. >> it's time to get smart. the earning season could be choppy. i think a lot of people are waiting for that. actually, that's a smart move. don't think you'll see much in the next probably three weeks that will motivate anybody in either direction very seriously. i would like to say i'm a little more positive about it. i think i might be in the minority on this, but i do think we'll probably see some surprises -- >> you got the earnings
CNBC
Sep 21, 2012 3:00pm EDT
europe. >> seasonal. >> softer demand china and europe. number two, increased production from the united states, canada and the north sea, specifically norway. and number three, iraq. iraq has continued to increase their production. you know, they have as much reserves as iran, so they are the third or second -- tied for second in the world of reserves, and iraq has put in these offshore terminals, and they have been able to ramp up the exports. that is likely to put some downward pressure if there's no geopolitical blow up, maria. >> i was just going to see, weigh the geopolitical risk versus the spr noise and tell me where oil goes between now and the end of the year. >> well, we have 117 for the end of the year on brefnlt now our view is that the geopolitical noise is not likely to seriously dissipate, because there's no sign of progress in the iranian nuclear negotiations. there's no sign that the standoff will be eased any time soon, and without any easy off ramp, we don't see how this situation is resolved, so we think potentially 2013 you're really looking at a question of does ir
CNBC
Sep 11, 2012 3:00pm EDT
liquidity coming into the system. probably both in universieurope united states. that keeps the action going. >> is that a good thing, don? what do you think about that? is it a good thing we're seeing such momentum in this market ahead of the fed policy, ahead of any of the policy coming out of any international central banks? >> what it does have is a very good effect from the standpoint of mr. obama because, although -- well, people say the unemployment number was terrible, so that's bad for obama. all the polls show that if the s&p 500 is doing really well, that the people out there tends to be more tolerant of some bad economic numbers. on the other hand, if the s&p is cratering and we're getting bad unemployment numbers, then that's good news for mr. romney. >> september and october typically are volatile periods for this market. some tough times right now. ron, one of the expectations is that the fed may add liquidity, but they may also extend the period of time that the fed will keep rates low for that period of time. maybe into 2015 is the expectation. is it a bit disin
CNBC
Sep 14, 2012 3:00pm EDT
think that's a really big important part of the story of the economy here in the united states. >> quincy, what areas of the market are going to continue rising, assuming you believe the stock market goes higher? >> i think you're going to see the cyclical sectors, the ones that were neglected by the defensive sectors. if you think this is going to move higher, you're already moving into the industrials, the materials, and energy and tech. and financials as well. >> you think this has legs? what do you think the rest of the year looks like in terms of this market? >> this is not straight up. i think one of the reasons you see gains locked in today is who wants the spend the weekend worrying about what's going on in the middle east? there are going to be issues that pull this market back, but i think that you've got a bottom for the market, and you're going to see it grind higher every time there's a pullback. >> stephanie, you told me yesterday immediately following the fed decision when you were sitting next to me on "halftime," buy the financials head over fist. >> yeah, and we actually
CNBC
Sep 26, 2012 3:00pm EDT
are expected to seek his extradition from the u.k. if he doesn't voluntarily return to the united states. there you are. >> yeah. >> take a break here, come back with about 25 minutes left. the dow heading a little lower, down 40 points. >> september is traditionally the worst month for stocks, but the market is faring better than expected. market watchers will weigh in next. >>> also, twitter battles the government to protect your privacy. we'll hear from that company's ceo still to come. >>> after the bell, find out what texas billionaire boone pickens thinks about importing oil. back in a moment. [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. >>> welcome back. 20 mi
CNBC
Sep 7, 2012 4:00pm EDT
at. unlike europe and the united states, they can do stimulus on the fiscal side and the monetary side. that means they could miss out on the inflationary move. all year it's been about the u.s. you might see money coming out into other riskier areas of the globe. >> do we have to look at china or talking about the fed and ecb next week. >> absolutely we have to keep looking at china, i think a lot of their most as ifty issues, one of these days the lights will go on. i don't think it will be a good thing. i'm looking at three things. i think the conservative newspapers are going bonkers today, i urge everybody to go online and read it. secondly i think when it comes to labor force participation rate @ will push it down for all of the wrong republicans. i think we're going to potentially test 2000 in gold. >> all right, very good, thank you all. >> a lot of people talking about that 23 2,000 level for a long time. what about stocks. will they make any big moves, what do you think, bob? >> today's response was not very encouraging. we had a move today related to china. that was a s
FOX Business
Sep 27, 2012 3:00pm EDT
summit at the plaza hotel, first united states ambassador to iraq when iraq was finally liberated from saddam hussein, lot of businesses wanted to get in on that country to help rebuild it. what are the challenges? we know there were some problems. also, the u.s. ambassador to the united states coming up next. we will be back with more of "countdown to the closing bell." [ female announcer ] you want family dinner to be special. dad, we want pizza. you guys said tacos. [ female announcer ] it doesn't always work out that way. you know what? we're spending too much money on eating out anyway. honey, come look at this. [ female announcer ] my money map from wells fargo is a free online tool that helps you track your spending. so instead of having to deal with a tight budget, you could have a tighter family. ♪ wells fargo. together we'll go far. with the fidelity stock screener, you can try strategies from independent experts and see wh criteria they use. such as a 5% yield on dividend-paying stocks. then you can customize the strategies and narrow down to exactly those stocks you
FOX Business
Sep 12, 2012 3:00pm EDT
white house now, but earlier today, he vowed to find the murders. >> the united states condemns in the strongest terms this outrageous and shocking attack. we're working with the government of libya to secure our diplomats, and i directed the administration to increase our security at diplomatic posts around the world, and make no mistake, we will work with the libyan government to bring to justice the killers who attacked our people. >> general national congress of libya just relesioned a statement calling the attack a disapproval or condemning and disapproving of the criminal attack on americans. president obama left here a short while ago headed to nevada for campaign events. back to you. liz: okay. thank you very much, rich edson. again, the conflicting information. now it could possibly have been a very coordinated military style attack versus an angry mob. we are following the story closely. gerri willis will have more on it on her show as well as melissa francis. in the meantime, live here in san fransisco at the intel forum. what's this mean? listen, this is a dow component
FOX Business
Sep 21, 2012 3:00pm EDT
barrel and what that meant for consumers and gasoline providers in the united states and developed nations when you think of a goldilocks scenario is not the same as we saw in early 2007 but the idea of the s&p and nasdaq and multi-year highs and gasoline prices coming down, central accommodation and what is taking place now number are very bullish on the heels of a rebalancing they referred to earlier and i will tell you into the close. liz: volatility and the close and we will give you all the information you need and thanks, great to see you. have a good weekend. the mission is to help you make money no matter what is happening in the world and peter barnes got a window into the federal reserve's thinking in an exclusive interview with eric rosenfrance. the move to implement quantitative easing is already starting to work in the housing market. >> rates are low in the boston market. prices going up. if you think the federal reserve program will last a fixed period, you want to catch it and interest rates low and prices going up. liz: precisely. why did we play the sound bite? my
CNBC
Sep 12, 2012 4:00pm EDT
out about this today. >> the united states condemns in the strongest terms this outrageous and shocking attack. we're working with the government of libya to secure or diplomates. i've directed my administration to increase our security at diplomatic posts around the world. >> the attacks of libya and egypt underscore that the world remain aes dangerous place and that american leadership is still sorely needed. in the face of this violence, america cannot shrink from the responsibility to lead. leadership is necessary to ensure that events in the region don't spin out of control. >> all this happening as israeli prime minister benjamin netanyahu is using the strongest language to date about using force to stop iran from developing a nuclear weapon. this brings up the issue of making the u.s. less dependent on foreign oil. should we get off of middle eastern oil? chris, you first. all of this make you nervous about how much we depend on that region for our energy needs? what's the answer? >> well, you know, you look at saudi arabia providing 20% of the oil imports for this count
CNBC
Sep 28, 2012 4:00pm EDT
, maria. an extraordinary releases this afternoon from the united states government. the first thing we got was this order from president barack obama ordering the company to divest from a wind project in oregon using the so-called sifieuos program. this one is the fist time in 22 years that the u.s. government has done this it or president of the united states has done this. it goes beyond what we've ever seen before, including this language ordering the facility in oregon to effectively be rai razed, saying the company must remove all structures, items, or physical object, including the concrete foundations of the property. that's the first time anyone ever affiliated with this has ever seen anything like that. the treasury department later in the day issuing a statement saying why they might be so sensitive about this facility, saying, the wind farm sites are all within the vicinity of restricted air space at naval weapons system trading facility boardman in oregon. now, this is a sensitive military facility in oregon. we looked on their website to find out exactly what they are d
CNBC
Sep 27, 2012 4:00pm EDT
balance that we're facing here in the united states? we've got similar issues, don't we? we have an e more nor we? we have an e more nomous debt l and the debate on what to cut. >> there's always a question of priorities and where you focus your attention. i think the president has made a major effort to reduce the budget deficit and also to invest in the future of the country, just like a corporation in many senses that has too much debt, that it has to put its debt in line with its ability to raise revenues. it also has to invest in its future. the president, i think, is investing in education, infrastructure, many things that will make the country stronger. that's really the goal. it's to have a sound budget policy but also invest in the country's future. i think that's what the president's trying to do. >> but bob, we haven't had a budget in three years. >> well, a lot of programs that he's proposed have not gotten through the congress. that's a big challenge. he's focused on education. he has a very significant proposal on infrastructure development. these are the kind of thing
CNBC
Sep 26, 2012 4:00pm EDT
important to the united states than what's going on in europe. >> mark, how do you see it? you invested in europe these days or no? >> a little bit, maria. you know, i guess the thing i would say about europe and soon to watch on our shores is you're going to pay more and get less. i look forward to the dislocation between price and value. i think there are a few opportunities in europe selectively. a company we own called securitas, which is a man-guarded service. it trades for about 50 krona. we think it's worth 72. we get about a 6% dividend yield. there's an example where you can find opportunity. >> everybody's looking for yield in an environment where we can't find any. rick, what are you seeing there today? >> you had a great point. everybody's looking for yields, so everybody needs to take more risk. that's the plan. the problem is, when you take more risk to get more reward, you have more risk. you know, take the word austerity and throw it out. use the word reform. one guest just said central bankers are doing all the heavy lifting. because the heavy lifting for them is easy.
FOX Business
Sep 6, 2012 3:00pm EDT
reacting favorably as we have seen in the united states. the ftse up 12% and the cac index of 12% and bank stocks, french bank stocks up 7%. certainly a lot of positive reaction to this news but there are critics who say that the pcb is just throwing money at the problem. this is tantamount to finding governments by printing bank notes. there you go. strongly opposes this move. there are those who say it helps bring confidence back and brings down borrowing costs. bottom line is what does it do to address the euro zone debt crisis itself. this does not address it. it is down to individual governments to get their fiscal house in order. it could be a long time before that can be accomplished. >> the dow is up 220 points and the s&p up 26. it has been a real rally. let's take it to the traders at the stock exchange. john core team of legal very broad based rally. if you had to pick one is it a good private sector job numbers? let's not ignore that. we had job gains of 280,000. >> you are right. the economic data out of washington clearly is something the market needed and wanted and hel
FOX Business
Sep 17, 2012 3:00pm EDT
protests against the united states. they're going to protect the prophet mohammed. a call from how t hezbollah. a lot of military. it may remember they're the ones involved in the 2006 war with israel, lots of rockets and a lot of abilities overseas to launch attacks against american interests and or western interests. we saw violence in afghanistan. they had to beat eaten back from the compound, and in pakistan wherwere they used water cannond tear gas to beat back protesters. they would temporarily close for the day because of the fear of how much anti-american violence would spin out of control in pakistan. there was more violence volatile cocktails, those kind of things. this was all sparked by that movie put on youtube, more of a clip, amateur thing being disrespectful to the prophet mohammed. i interviewed today one of the organizers of the original protest with a movie that began. i asked have you seen this movie? he said no, i haven't, but i heard about it. what is probably important to note, the protest are not because people are watching this movie, but are hearing about it
CNBC
Sep 13, 2012 4:00pm EDT
the united states. >> is this, do you think, a cue for folks to get into the market because mortgage rates potentially could go even lower? >> well, i think it's a great time to buy a house. i've been saying that for a long time now. when i say a long time, over the last year i've been telling people, go out and buy a house. this is the time to buy a house. hard to get houses finance because the banks aren't lending. try buying the house from a bank. if you buy it from a bank, they'll loan you the money to buy it because they want to bet it off their books. it's a great time to buy a house. pick a beautiful house, enjoy yourselves, and try buying it from a bank. >> good advice, donald. thank you. let me ask you about this election and bernanke. if romney win, should he keep bernanke on or lose him? >> well, i don't think he will. i'm not saying anything good or bad. i'm just saying i don't think he will. he's going to want to come in with his own team, as everybody really does. as usually you would. i think he'll probably come in with his own team. it's really a question you have to
CNBC
Sep 25, 2012 4:00pm EDT
yield. everyone is chasing yield. you can't get it from the united states government. they'll pay you nothing. people are going say, wait a minute, now i have to pay 36% and i have risk in the marketplace. these are a lot of big issues. >> i know you meant governor romney. >> let me apologize. >> do you think we go to the election and are in standstill mode until then? once we get the clarity of who's in the white house, what's your expectation? >> i do. i don't anticipate a lot. i know people are talking about that we'll see more in the early parts of november because of the different things with the defense department and where they're going to be at as far as cuts go. we'll get an indication what's going to happen. i think we'll have to wait until the election is over and done with and we'll get clarity for the future of the markets. >> i really like the fact you're looking at this whole dividend issue. we've been talking about the fiscal cliff a lot on this program. do you really think these guys are going to allow dif vidend taxes to go to 43%? >> they think hthis is a bunch
CNBC
Sep 14, 2012 4:00pm EDT
out the details of would happen if the united states goes over the fiscal cliff. they have to engage in sequestration, or massive budget cuts. by the numbers, here's what in the proposal they put out today starting with a 9% cut to most pentagon programs. customs, the faa, and food inspection services. exempt from the cutbacks are social security, medicaid and also many veterans benefits. earlier today, white house spokesman jay carney said that the white house hopes it never has to put this plan into place. take a listen. >> sequester was designed to be bad policy,n n tn to to be one and to be objectionable to both republicans and democrats. >> now, maria, what the white house is saying also, senior officials here in a briefing earlier today they hope now that some of these painful cuts are laid out, this could help marshal support from republicans to do something about the fiscal cliff before it hits at the end of this year. obviously, there's a big election between now and then. >> oh, yeah. thank you so much. worries those budget woes and tax hikes could come to pass are among th
CNBC
Sep 24, 2012 4:00pm EDT
happen, there would be conflicts around the world. do you suggest that the united states should curtail free speech? >> well, i would like to say in this way of where there is free speech, there is a human right. and i started the declaration of human rights but there is limit in exercising human right for all people, all nations. >> are you going to ask president obama to change his policy in any way on free speech? >> i don't think -- i'm not in a position to lecture any leader on this matter because one thing that i believe all leaders can take many lessons from what is happening worldwide, including the last incidents about the -- i incidents of anti-islam films. >> you have investors watching. indonesia, the 16th largest economy in the world. gdp of $850 billion. it's really been one of the bright spots in the emerging markets in this global slowdown and a new mckenzie report is predicting the economy getting to the seventh largest by 2030. what can you tell us in terms of your expectation for economic growth next year and in the coming years? >> well, i am pleased to say t
CNBC
Sep 11, 2012 4:00pm EDT
in the united states of america. that only comes from the private sector. that's where, i think, the romney approach, people will find to be the right one. >> this market has been rallying. of course, it seems to be working in obama's favor, even though it's probably has a lot more to do with the central bank and all of the easing out there than it does to the policies. is there any reason to believe that if this president is re-elected, then he moves to the center that, he does the policies that you're talking about that romney, of course, has been leading with? >> i think that's been my greatest disappointment, that we have not seen this government move more to a centerous approach to move the country forward. there were numerous opportunities to do that. i just don't think it aligns with where the president would like to take the country. there's one approach that says static pie, let's figure out how to split it up. that's the approach that's being taken. when they say we're all in this together, we're all in this together, but we're going to take from you and give to you. what w
FOX Business
Sep 10, 2012 3:00pm EDT
10% like europe and the united states, but in 2010, 2011, 2012, the economy's going again, i think the strongest economic growth in the western world. also this year. unemployment is down -- [inaudible] than any other western country, and this is due to the fact that the level of investment in the real economy grew by 40% in the last three years. >> reporter: what is it, dueck, that attract -- do you think, that attracts foreign investors to israel? when i've listened to some of the speakers today, they tab being a country that is on par with all the western democracies and economies, and can yet you're surrounded by neighbors who are hostile, you're in a very rough neighborhood. >> yeah. >> reporter: why is it that investors don't seem to be afraid of the neighbors? >> i opened my speech today exactly with this question, and i say people can find many reasons not to invest in israel, little country, little market, difficult geopolitics situation sitting in the middle of the middle east. and still you can find most of the big companies in the united states and many others -- >> rep
FOX Business
Sep 13, 2012 3:00pm EDT
wind of a tough economy in the united states. if this is going to help the economy get going we are all open to any number of initiatives because we are in the longest standing recession since the great depression. everyone's business needs an economic boost. liz: you put in assurances would you agree with that? >> i haven't studied everything he said but we are all for government and business joining together to say we needed different approach. we have got to get this economy going because average americans are really hurting and when the consumer is week they don't buy from businesses. we are consumer driven country so the consumer has to have some confidence. helping the housing market couldn't hurt. liz: consumer driven company at hewlett-packard you are just days away from your 1-year anniversary. how do you think it is going? >> making real progress. this is a company that has had four ceos four years but we are making real progress and there are some myths about h p. one told me innovation is that. could not be farther from the truth. innovation is everywhere. what we have t
FOX Business
Sep 25, 2012 3:00pm EDT
prices fell after russia had trout like the united states indicated their production and output won't be as small as once predicted so prices came down and we have been talking about is all day. we continue to see -- we can't afford to feed these animals. and lower prices, in the chicago tribune today, worldwide bacon shortage is coming. long term after those are in the market and prices go down, tight supplies are going to turn around so that is the trey day. we have commodity winners. liz: don't even trade pork bellies any more. [talking over each other] liz: when it comes to the stuff. let's shake up with the team. biggest stories moving the market and we are going down so let's bring in liz macdonald. to you first with your exclusive interview made some big headlines. we don't usually crow about this. it began to speak to you and the markets went down. >> that is because he said he doesn't think q e 3, announced a couple weeks ago will be very effective. he doesn't think it will move very much on interest rates and on economic growth for the unemployment situation. he also said al
FOX Business
Sep 7, 2012 3:00pm EDT
balanced, we have the mayor of the metropolitan area with the lowest unemployment rate in the united states. find out who it is and how he's doing it in a fox business exclusive. but back to this market that cannot decide whether to be up or down, let's get to the floor show right now. traders at the new york stock exchange, cme group and the nymex. it looks like a washout from the new york stock exchange, crossing 80 times the flat line, does what happens at the closing bell really matter today, versus how we trade on monday or in advance of what the fed does? >> well, it's an excellent point where you're unrscoring is the quandary that traders are in right now. they want to take it higher based upon central planning and central bank action, but then they pull away and they see notes like we got on intel today, and they worry about the fundamentals and the fundamentals actually support the equity prices up here. i think we'll probably run into the close and say a little flat. we will get the numbers here in about half hour. we can take a look at those now. they will truly come down
CNBC
Sep 4, 2012 4:00pm EDT
going to boycott all the unilateral actions of people from another part of the world? the united states is not very popular in the middle east right now. i don't know if you doe know that. it's not popular at all. everything that's been talked about, everything that's been done has not moved us forward. if anything, it's moved us backward because there is just not a sense of well-being in the relationship. oil being part of it but other issues also enter into it. >> and what's your take on the upcoming election, the presidential election. how does that skew things? >> you know, i don't want to get out of my depth here. i'm not a politician. i am a businessperson. but i would say this. and i'll stick to energy. there is no energy plan in the obama administration. i've been saying that for years. they talk words, rhetoric. rhetoric is not a plan. a plan has accountabilities, actions, milestones and real numbers. the romney announcement is also not a plan. it's a good strategic intent. it's inclined towards americans taking care of america. i certainly support that notion, but i'm s
FOX Business
Sep 26, 2012 3:00pm EDT
make 70% of our products in the united states. cheryl: and you've been there for 25 years, we should mention to our viewers, you yourself have been with this company for 25 years. one of the most impressive things, i think s you've been able to keep 70% of your manufacturing in the united states at plants in the united states. what's the secret? >> well, the secret is what you have also indicated is the fact of being around for a long time and also thinking long term, making investments. you know, manufacturing in the united states is not easy, and if you're not thinking long term, if you're not continuously investing, it's not possible. because, you know, we have great people, we've got great history. we, in fact, have 73 locations in china and 60% of the product we're shipping from the united states to china. in furniture which is, you know, not made by robots. we still have a lot of labor even though we have a lot of, lot of technology that we've introduced. so i think it's a question of quality, it's a question of craftmanship, and i would say it really is this ability to
FOX Business
Sep 11, 2012 3:00pm EDT
the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. wouldn't it be nice if there was an easier, less-expensive option than using a traditional lawyer? well, legalzoom came up with a better way. we took the best of the old and combined it with modern technology. together you get quality services on your terms, with total customer support. legalzoom documents have been accepted in all 50 states, and they're backed by a 100% satisfaction guarantee. so go to legalzoom.com today and see for yourself. it's law that just makes sense. cheryl: all right, here's your fox business market check. we were flirting with session highs, 1:50 eastern time, so a little less than two hours ago, but we've actually had a pullback for all the markets. as you can see the dow, we're up 64 but well off the session high. we had an intraday high that we were marking versus december 2007, so we've got about 33 minute
CNBC
Sep 5, 2012 4:00pm EDT
and customers both in the united states and around the world. there was a recent study out quickly on this by the clearing house association. the first time i have seen this people because talk about the economies that takes the top 26 banks in the united states, and basically says that after a lot of study and research they did, it benefits $50 to $100 billion a year because of these efficiencies. it was natural for it all to happen. second from a public policy perspective, we have to remember that we as a country are trying to compete in a localizing world. we have the best banks in the world. they have certainly had a impact on creating large businesses. why would you want to break all of that up, it makes no sense from a public policy perspective. >> it's important that you bring up the global story. they're obviously not going to compete with the international banks and deutsch banks who will be the large institutions. but let me get your take on what's going on in terms of the masses. time and time again we hear an argument that depositors do not want their money used to take
FOX Business
Sep 14, 2012 3:00pm EDT
to the united states of the four americans killed earlier this week in libya. tracy: you heard secretary clinton give us an inside scoop to all of them and remind us that these people risk their lives for us. we are going to take a break. we will be right back. and waiting in line. i don't have to leave my desk and get up and go to the post office anymore. [ male announcer ] with stamps.com, you can print real u.s. postage for all your letters and packages. it gives you the exact amount of postage you need the instant you need it. can you print only stamps? no. first class. priority mail. certified. international. and the mailman picks it up. i don't leave the shop anymore. [ male announcer ] get a 4-week trial plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go to the post office again. liz: good afternoon everybody. i'm liz claman. welcome to countdown of the closing bell. day three of our three days in the valley coverage. we are live in the heart of silicon valley on a day when markets are looking strong once again. this just one day
CNBC
Sep 10, 2012 4:00pm EDT
fact that things change? for example, in the united states, i mean, here we are with a different demographic story, we're living longer, people talking about living to 100 now. in fact, social security hasn't changed at all. so, shouldn't we be changing based on the evolution of a country, of a city? i mean, that's one of the issues. if you're going to be living longer and needing more of the benefit from the country, don't you need to change some of the promises? >> i'm all for change. change has everybody in on it. but we faced a very strong antitax, antibiotic spending, antigovernment ideology. when you're talking about a city, not the state or federal government, means the things people experience every day, cops, fire, sanitation, police, schools, that stuff turns out to be much more important to the quality of life than with e mig have thought. there's a work out here. there will be changes. changes will come. but it has to be done with decent respect for all the players. >> what do you think should be cut, then? >> what do i think should be cut? oh, i think you can find in
FOX Business
Sep 4, 2012 3:00pm EDT
the united states and two of the most efficient coal-fire powered plants in the united states. we are now beginning to see both customers and shareholders the benefit of that building program. liz: now we're looking at a ten-year chart and it is a beautiful chart with the one tiny dip in 09 which everybody seemed to see. and again, since we're a business show where people are always looking for a great trade or a great stock to buy, this is something about you guys you know, you figure out ways to constantly move with what the atmosphere is doing, and that's why you are going to convert one of your plants at a pretty significant cost, from coal, you are going to convert one, i would assume you did the math and figure out it is best for business to do it this way? >> exactly, this particular power plant that we're about to convert is near downtown milwaukee which is where our headquarters building is. it is the only operating power plant inside the city limits of milwaukee. so it is a crucial piece of energy infrastructure to keep the lights on and keep voltage support for the city. bu
CNBC
Sep 19, 2012 4:00pm EDT
is going to go up by 5%. what's going to happen in the united states? people just want certainty, particularly at a time like this when china is in a recession. >> that is exactly what i'm talking about in my observation coming up. people are not going to add heads to the payroll if you don't know what your tax bill is going to look like. >> no way. you're kidding yourself. >> it's on congress, then. we need fiscal policy. >> we need leadership. we need a marshall plan. we need a grand plan that first starts with today's reality before you try to go to tomorrow. >> what do you think about the election? do you think the election changes this? does that bring us clarity? >> well, that's a tough one. i mean, it's not sure. because the people that running for office, are they going to actually operate, or is it just going to be what they do with a speech, right? what really counts is not the speech but what you do in between the speech. >> the truth is, we may not get the clarity because they're not dealing with the issues like the fiscal cliff until after the election. so we won't k
FOX Business
Sep 24, 2012 3:00pm EDT
economic forchips in the eurozone and a tepid recovery helping to contribute here in the united states." shements the europeans to do the -- she wants the europeans to do the unified banking supervision, unified fiscal policy, and shements the fiscal -- she wants the fiscal cliff addressed here in the united states. liz: ifo -- i-f-o, the german sentiment. people put emphasis into that. the recent health care law will hit the economy if not repealed. who did the survey? >> it's a really important survey, done by the national association of business economics, top economists at the country's biggest companies at places like dupont or wells fargo. the majority, 75% says health korsts continue to rise, and 60% say fewer employers provide coverage in the near future, and four out of the ten was the repeal of the health care law. the majority, nine out of ten said what is hanging up the u.s. economy is dc fiscal policy. the majority said make permanent the income tax rate, capital gains rate, and dividends rate, and and -- seven out of ten approved the pipeline. liz: how does the country run when nobo
CNBC
Sep 6, 2012 4:00pm EDT
yields going down there in europe and up in the united states. what happens if the job's number is a solid number tomorrow, do we continue to see rates rise here in the u.s.? >> a lot of the move has been not necessarily on the back of the ecb been on fed expectations. you can price out some of that qe expectation priced into the markets and you will gate softer message from the fed extending zero interest rate policy into 2015. i think it's more focused on the fed and less on the ecb today. >> now that we know that the ecb says they be in there, we presume, do you buy it? if you're looking for yield, holy smokes. >> i think until we see spain and other countries commit to being engaged in this program, you will see volatility. the yield vs. come down 150 or 250 points. and you would expect to see that roll down. they would roll into that three year maturity. in terms of thinking about waying to get 5% and 6% yields, i think there are better ways to get it. >> keith springer, as randy said, he is wondering when the little guy will want to get back in this market, what about you, ther
FOX Business
Sep 19, 2012 3:00pm EDT
united states. margaret, you would be the perfect person where we could check the temperature gauge. but the question that we ask is the most often-asked question, and that is, have we finally bottomed out because it matters to people who are looking to buy, to sell -- to buy, to sell, to refie, or to invest? -- to re-fi or to invest? >> you are exactly right. yes, i really do think we have bottomed out. the good numbers are for 14 months in a row we have had more sales each month for 14 months and the prices have gone up for the last 7 months. those are all great signs for us. in january i was cautiously optimistic. now i'm optimistic. liz: now we are going into the fall season. i never can figure out with you guys. oh the spring is the buying season. the fall is selling season. what is it as we head into fall? >> usually what happens, families like to move in the summer and they like to get their kids in by fall for school, and so usually fall into probably the first of the year, things start to taper off. so if it does, it's very seasonal. very ordinary for us. what we found this year
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